Case 1case 2Case 3 Raw Material Beginning inventory24,6008,00045,000 Ending inventory 20,00012,400 ? Purchases262,000 ?248,400 Direct Material used
Question:
Case 1case 2Case 3
Raw Material
Beginning inventory24,6008,00045,000
Ending inventory 20,00012,400 ?
Purchases262,000 ?248,400
Direct Material used ?15,000 234,200
Workin process
Beginning inventory 11,60012,560 ?
Ending inventory12,00012,560 85,200
Finished goods
Beginning inventory 254,2002,800334,480
Ending inventory ?4,600 367,400
Cost of goods manufactured679,20058,0001,518,220
Total manufacturing cost 679,600 58,000 1,526,800
Cost of goods sold 760,00056,200 ?
Gross margin328,00013,4001,874,600
Direct labor 173,00023,200 ?
Manufacturing overhead 240,00019,800430,600
Sales 1,088,00069,6003,359,900
Determine the missing amounts in each of the following independent cases ( with computation )
2)
A Hotel pays the phone company 100 per month plus .25 for each call made during January6,000 calls were madein February 5,000 calls were made
Required
1.Calculate the hotel s' phone bill for January and February
2.Calculate the cost per phone call in January and in February
3.Separate the January phone bill into its fixed and variable components
4. What was the average cost of a phone call in January
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer